Affordable Housing
Affordable Housing
Our attorneys are at the forefront of innovative, public-private partnership efforts to provide financing solutions to incentivize affordable housing projects in Tennessee. We represent private developers and public housing authorities (PHAs) in projects that utilize Low-Income Housing Tax Credits (LIHTC); tax exempt housing bonds; loans subsidized by Community Investment Tax Credits (CITC) authorized by the state of Tennessee and various FHA-insured products, including Fannie Mae's Reduced Occupancy Affordable Rehab (ROAR) and HUD 221(d)(4) loans.
As the U.S. Department of Housing and Urban Development's Rental Assistance Demonstration program (RAD) continues to gain traction in addressing the estimated $26 billion nationwide backlog of deferred public housing property maintenance, we are actively assisting PHAs as they leverage this tool to preserve and improve public housing properties in Tennessee. We help PHAs through the application process and in the conversion of units to project-based Section 8 contracts. We also routinely facilitate payment in lieu of tax transactions (PILOTs) to support development of affordable housing.
Our strength is rooted in experience. Regardless what direction new tax policy takes, Bass, Berry & Sims will be positioned to offer the highest level of strategic advice to clients in affordable housing.
Our attorneys are at the forefront of innovative, public-private partnership efforts to provide financing solutions to incentivize affordable housing projects in Tennessee. We represent private developers and public housing authorities (PHAs) in projects that utilize Low-Income Housing Tax Credits (LIHTC); tax exempt housing bonds; loans subsidized by Community Investment Tax Credits (CITC) authorized by the state of Tennessee and various FHA-insured products, including Fannie Mae's Reduced Occupancy Affordable Rehab (ROAR) and HUD 221(d)(4) loans.
As the U.S. Department of Housing and Urban Development's Rental Assistance Demonstration program (RAD) continues to gain traction in addressing the estimated $26 billion nationwide backlog of deferred public housing property maintenance, we are actively assisting PHAs as they leverage this tool to preserve and improve public housing properties in Tennessee. We help PHAs through the application process and in the conversion of units to project-based Section 8 contracts. We also routinely facilitate payment in lieu of tax transactions (PILOTs) to support development of affordable housing.
Our strength is rooted in experience. Regardless what direction new tax policy takes, Bass, Berry & Sims will be positioned to offer the highest level of strategic advice to clients in affordable housing.
Experience
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In 2023, Bass, Berry & Sims served as bond counsel for 13 affordable housing bond issues totaling over $160 Million....
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We represented Knoxville’s Community Development Corporation (KCDC) in connection with its $67 million financing for the development of a 161-unit...
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We served as bond counsel for SDG Housing Partners LLC in connection with two affordable housing rehabilitation projects in Tennessee,...
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We represented the City of Knoxville and Knox County and served as bond counsel to The Sports Authority of the...
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In 2022, Bass, Berry & Sims closed 18 Affordable Housing bond issues totaling over $228 Million. The closings, involving both...
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During 2022, we assisted housing authorities with the Rental Assistance Demonstration (RAD) conversion of approximately 500 affordable housing units. These...
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We served as bond counsel in connection with a Rental Assistance Demonstration (RAD) conversion/rehab for The Villages at Old Hickory,...
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We represented the developer of Burlington Commons, an affordable housing complex in East Knoxville, in all aspects of the transaction....
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We served as bond counsel and local counsel to affiliates of social services organization People Incorporated of Virginia in connection...
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We served as bond counsel to LHP Capital, LLC for three tax exempt financings relating to the rehabilitation of the...
Experience
-
In 2023, Bass, Berry & Sims served as bond counsel for 13 affordable housing bond issues totaling over $160 Million....
-
We represented Knoxville’s Community Development Corporation (KCDC) in connection with its $67 million financing for the development of a 161-unit...
-
We served as bond counsel for SDG Housing Partners LLC in connection with two affordable housing rehabilitation projects in Tennessee,...
-
We represented the City of Knoxville and Knox County and served as bond counsel to The Sports Authority of the...
-
In 2022, Bass, Berry & Sims closed 18 Affordable Housing bond issues totaling over $228 Million. The closings, involving both...
-
During 2022, we assisted housing authorities with the Rental Assistance Demonstration (RAD) conversion of approximately 500 affordable housing units. These...
-
We served as bond counsel in connection with a Rental Assistance Demonstration (RAD) conversion/rehab for The Villages at Old Hickory,...
-
We represented the developer of Burlington Commons, an affordable housing complex in East Knoxville, in all aspects of the transaction....
-
We served as bond counsel and local counsel to affiliates of social services organization People Incorporated of Virginia in connection...
-
We served as bond counsel to LHP Capital, LLC for three tax exempt financings relating to the rehabilitation of the...
Notice
Visiting, or interacting with, this website does not constitute an attorney-client relationship. Although we are always interested in hearing from visitors to our website, we cannot accept representation on a new matter from either existing clients or new clients until we know that we do not have a conflict of interest that would prevent us from doing so. Therefore, please do not send us any information about any new matter that may involve a potential legal representation until we have confirmed that a conflict of interest does not exist and we have expressly agreed in writing to the representation. Until there is such an agreement, we will not be deemed to have given you any advice, any information you send may not be deemed privileged and confidential, and we may be able to represent adverse parties.
Notice
Visiting, or interacting with, this website does not constitute an attorney-client relationship. Although we are always interested in hearing from visitors to our website, we cannot accept representation on a new matter from either existing clients or new clients until we know that we do not have a conflict of interest that would prevent us from doing so. Therefore, please do not send us any information about any new matter that may involve a potential legal representation until we have confirmed that a conflict of interest does not exist and we have expressly agreed in writing to the representation. Until there is such an agreement, we will not be deemed to have given you any advice, any information you send may not be deemed privileged and confidential, and we may be able to represent adverse parties.
Notice
Visiting, or interacting with, this website does not constitute an attorney-client relationship. Although we are always interested in hearing from visitors to our website, we cannot accept representation on a new matter from either existing clients or new clients until we know that we do not have a conflict of interest that would prevent us from doing so. Therefore, please do not send us any information about any new matter that may involve a potential legal representation until we have confirmed that a conflict of interest does not exist and we have expressly agreed in writing to the representation. Until there is such an agreement, we will not be deemed to have given you any advice, any information you send may not be deemed privileged and confidential, and we may be able to represent adverse parties.
Notice
Visiting, or interacting with, this website does not constitute an attorney-client relationship. Although we are always interested in hearing from visitors to our website, we cannot accept representation on a new matter from either existing clients or new clients until we know that we do not have a conflict of interest that would prevent us from doing so. Therefore, please do not send us any information about any new matter that may involve a potential legal representation until we have confirmed that a conflict of interest does not exist and we have expressly agreed in writing to the representation. Until there is such an agreement, we will not be deemed to have given you any advice, any information you send may not be deemed privileged and confidential, and we may be able to represent adverse parties.
Notice
Visiting, or interacting with, this website does not constitute an attorney-client relationship. Although we are always interested in hearing from visitors to our website, we cannot accept representation on a new matter from either existing clients or new clients until we know that we do not have a conflict of interest that would prevent us from doing so. Therefore, please do not send us any information about any new matter that may involve a potential legal representation until we have confirmed that a conflict of interest does not exist and we have expressly agreed in writing to the representation. Until there is such an agreement, we will not be deemed to have given you any advice, any information you send may not be deemed privileged and confidential, and we may be able to represent adverse parties.
Notice
Visiting, or interacting with, this website does not constitute an attorney-client relationship. Although we are always interested in hearing from visitors to our website, we cannot accept representation on a new matter from either existing clients or new clients until we know that we do not have a conflict of interest that would prevent us from doing so. Therefore, please do not send us any information about any new matter that may involve a potential legal representation until we have confirmed that a conflict of interest does not exist and we have expressly agreed in writing to the representation. Until there is such an agreement, we will not be deemed to have given you any advice, any information you send may not be deemed privileged and confidential, and we may be able to represent adverse parties.
Notice
Visiting, or interacting with, this website does not constitute an attorney-client relationship. Although we are always interested in hearing from visitors to our website, we cannot accept representation on a new matter from either existing clients or new clients until we know that we do not have a conflict of interest that would prevent us from doing so. Therefore, please do not send us any information about any new matter that may involve a potential legal representation until we have confirmed that a conflict of interest does not exist and we have expressly agreed in writing to the representation. Until there is such an agreement, we will not be deemed to have given you any advice, any information you send may not be deemed privileged and confidential, and we may be able to represent adverse parties.
Professionals
Name | Phone | |
---|---|---|
Michael J. Bradshaw, Jr. Counsel |
(901) 543-5781 | Michael.Bradshaw@bassberry.com |
Heather G. Ferguson Attorney |
(865) 521-2034 | heather.ferguson@bassberry.com |
G. Mark Mamantov Member |
(865) 521-0365 | mmamantov@bassberry.com |
James Polk Moneyhun, Jr. Member |
(865) 521-0368 | jmoneyhun@bassberry.com |
Alexandrea R. Samber Senior Public Finance Attorney |
(865) 521-2038 | alexandrea.samber@bassberry.com |
Bria Smith-Edwards Associate |
(615) 742-7959 | bria.smith@bassberry.com |
Russell E. Stair Member |
(865) 521-2021 | rstair@bassberry.com |
Publications
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July 22, 2024 | Journal of Property Management
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June 28, 2024 | Firm Publication
Past Events
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August 23-26, 2021 | Nashville, Tennessee15th Annual Tennessee Basic Economic Development Course
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August 24-27, 2020 | Nashville, TN14th Annual Tennessee Basic Economic Development Course
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May 6-9, 2019 | Nashville, Tennessee13th Annual Tennessee Basic Economic Development Course
Media Mentions & Firm News
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March 21, 2024 | Firm News
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March 7, 2023 | Johnson City Press
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February 7, 2020 | Knoxville Commercial Real Estate Awards
Publications
-
July 22, 2024 | Journal of Property Management
-
June 28, 2024 | Firm Publication
Past Events
-
August 23-26, 2021 | Nashville, Tennessee15th Annual Tennessee Basic Economic Development Course
-
August 24-27, 2020 | Nashville, TN14th Annual Tennessee Basic Economic Development Course
-
May 6-9, 2019 | Nashville, Tennessee13th Annual Tennessee Basic Economic Development Course
Media Mentions & Firm News
-
March 21, 2024 | Firm News
-
March 7, 2023 | Johnson City Press
-
February 7, 2020 | Knoxville Commercial Real Estate Awards
Contact
Notice
Visiting, or interacting with, this website does not constitute an attorney-client relationship. Although we are always interested in hearing from visitors to our website, we cannot accept representation on a new matter from either existing clients or new clients until we know that we do not have a conflict of interest that would prevent us from doing so. Therefore, please do not send us any information about any new matter that may involve a potential legal representation until we have confirmed that a conflict of interest does not exist and we have expressly agreed in writing to the representation. Until there is such an agreement, we will not be deemed to have given you any advice, any information you send may not be deemed privileged and confidential, and we may be able to represent adverse parties.